LafargeHolcim Bangladesh Limited (LHB) has become the latest partner to sign up with Standard Chartered Bank (SCB) for its ‘Distributor Financing” program - a financing program offered by SCB for the distributors of LHB to enhance their business capacity. This global program is part of the Bank’s ‘Banking the ecosystem’ initiative, which aims at deepening relationships with corporate clients, and their buyers.
Rajesh K Surana, CEO of LafargeHolcim Bangladesh Limited, and Abrar A. Anwar, CEO of Standard Chartered Bank Bangladesh, signed the agreement on behalf of their respective organizations. Five valued distributors of LafargeHolcim Bangladesh Limited, along with other senior officials of the two companies, were also present at the signing. With this initiative, the distributors of LHB will be able to avail financing facilities from Standard Chartered Bank on easier terms and at a very competitive pricing against their purchase of goods from LafargeHolcim Bangladesh Limited. In the last few years, Standard Chartered has become active in the market in financing the supply chains of its corporate clients.